Branford, CT—06405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Branford, CT
As of Oct '25, the median home price in Branford, CT is $438,000, with a year-over-year change of 3.2%. This indicates that home prices in Branford, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $438,000 | 3.2% |
| Single Family | $538,000 | 2.7% |
| Condos | $307,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $234,000 | 4.0% |
2 Bed | $322,000 | 4.5% |
3 Bed | $496,000 | 2.7% |
4 Bed | $686,000 | 3.8% |
| 5 Bed | $990,000 | 5.3% |
% of Housing Stock
Rental Trends — Branford, CT
As of July '25, Rentcast reports the average rent in Branford, CT is $2,840, with a year-over-year rent change of -30.6%. Per bedroom, the median rent as of July '25 in Branford, CT is studios: $2,200, 1-bedrooms: $2,110, 2-bedrooms: $2,510, 3-bedrooms: $3,550, 4-bedrooms: $3,390. The most common rental property sizes in Branford, CT are 2-bedroom and 1-bedroom, accounting for 46.5% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,840 |
| Studio Rent | $1,900 | $2,200 |
| 1 Bed Rent | $1,800 | $2,110 |
| 2 Bed Rent | $2,500 | $2,510 |
| 3 Bed Rent | $3,100 | $3,550 |
| 4 Bed Rent | $3,500 | $3,390 |
% of Rental Stock
Property Listings — Branford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Branford, CT is 37. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $762,000 | 18.0% |
Listing Count | 93 | -9.0% |
| Listings as % of Homes | 0.4% | -9.0% |
Days on Market | 37 | 4.0% |
Demographics — Branford, CT
As of the latest ACS Survey released in 2023, Branford, CT has a population of 28,100, which has remained stable by 1.0% over the past 5 years. Branford, CT is a less popular place for families, as children make up 14.1% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,100 | 1.0% |
% Under 18 | 14.1% | -11.3% |
% Seniors | 28.8% | 30.3% |
% WFH | 16.2% | 285.7% |
% w/ College Degree | 49.5% | 11.2% |
As of the latest ACS Survey released in 2023, Branford, CT is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Branford, CT is hispanic, making up 5.4% of the population. Foreign-born residents account for 9.8% of the population in Branford, CT, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.5% | -3.9% |
% Black | 3.2% | 166.7% |
% Hispanic | 5.4% | 3.8% |
% Asian | 4.4% | 7.3% |
% Foreign Born | 9.8% | 16.7% |
Mortgage and Risk — Branford, CT
According to HUD data as of 2023, there were 503 mortgage originations in Branford, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Branford, CT. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 503 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Branford, CT
As of 2024, the percent of homes in Branford, CT under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Branford, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,800 | $1,610 |
| 2 Bedroom | -$530 | $2,500 | $1,970 |
| 3 Bedroom | -$650 | $3,100 | $2,450 |
| 4 Bedroom | -$740 | $3,500 | $2,760 |
Affordability — Branford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $438,000 |
| Median Household Income | $97,200 |